Wealth ยท Concept
Foundation
A legal entity (similar to a company, but with no shareholders) used for succession planning and asset segregation. Originating in civil-law jurisdictions like Liechtenstein and Panama.
In practice
DIFC Foundations and ADGM Foundations have become popular UAE alternatives to common-law trusts, particularly for Muslim families seeking Sharia-compatible succession planning. A foundation has a Founder, a Board and Beneficiaries, with a Charter as its constitutional document. ArxSetup files DIFC and ADGM Foundations; Panama Foundations via offshore route.